The auto industry overestimated EV demand this year. Now companies are scrambling. (msn.com)
- Early adopters have already bought one (or two).
- Most EVs (except the Chevy Bolt EV and the Nissan Leaf) are quite expensive (although surprisingly, the average new gas vehicle price in the U.S. is now about $50k).
- Interest rates for those taking out auto loans, are very high.
- Many of the EVs being made have “issues” – and especially issues with rapid charging networks (for any EV not made by Tesla). For non-Tesla charging, on the road charge stations have a history of reliability problems.
- And some like the Chevy Bolt EV, is to my perspective, a very nice car – but its charging rate is SLOOOOOW. Maximum charge rate of 55 KW for the first 55% or so, and then begins to taper. A 10-80% battery charge is said to take about an hour and a half. If you only drive around town, and commuting to work, that’s not a problem – you just plugin at home. Unless, of course, you live in an apartment or condo and do have easy access to charging outlets.
Better EVs (notably with faster charging and NACS charge support) and better charging networks are coming. But are mostly not here yet.
Note – we bought an EV the day this story came out. This means the EV market is now dead. I have a good track record of finally getting into something just as it dies. I got into 3D photography and videography just after it had peaked about a dozen years ago. I’m good at jumping onto dying tech!
